Sector M&A20 May 2019 22:18
Very pleased with today's news having held on and off since June 2016 but acquiring the largest position post Feb 2019 profit warning. This takeover is further validation that despite poor trading and fragile balance sheets these consultancy businesses are always in the sights of potential acquirers at a premium. Other targets include:
Aukett S****e (AUK) worth around GBP 5-6m or 3.5p
Driver Group (DRV) worth around GBP 45m or 85-100p
RPS (RPS) also probably has around 30%+ upside.
Just my opinion but based on many years of M&A in this sector that shows no sign of slowing up.
Good luck to all.